Property Particulars REFURBISHED PERIOD OFFICE INVESTMENT FOR SALE Fourth Floor - 93a Grey Street Newcastle upon Tyne NE1 6EG Prime period office investment for sale Refurbished to a high standard Multi let 4 th Floor offices EPC Rating F126 Passing rent of £41,280 per annum Offers over £400,00 for long leasehold www.bradleyhall.co.uk 0191 232 8080 www.bradleyhall.co.uk SITUATION VAT The subject property is located on the western side of Grey Street, in the All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and heart of Newcastle City Centre. Grey Street is the historic and traditional office and leisure quarter of the city and is made up of two substantial where silent, offers will be deemed net of VAT. terraces of classic buildings. Grey Street forms part of Newcastle’s Grainger T own, which has one of the highest concentrations of listed VIEWING For general enquiries and viewing arrangements please contact sole buildings outside of Bath. Grey Street has been described as “one of the finest streets in England”. agents Bradley Hall Chartered Surveyors. Grey Street benefits from easily accessible travel routes including several bus stops, monumen t metro station which is one of the major interchanges along the Tyne and wear metro service and Central Station. DESCRIPTION The Ce ntral Exchange Building is possibly one of the most iconic landmarks in the centre of Newcastle. Standing less than 30 met ers from Greys Monument, it is deserving of its Grade II * status. Designed and built by the world famous partnership of Architect John Dobson and wealthy businessman Richard Grainger in 1834 as "A place for the procurement of commerce and exchange". It is steeped in the history of Newcastle. The offices recently underwent complete renovation with guidance from English Heritage and the offices retain an array of attractive period features including a feature stained glass window. ACCOMMODATION Fourth Floor Offices 148.20m² (1595ft²) Kitchen Separate Ladies and Gents WC’s. Lift Access Door Intercom Gas Central Heating TENANCY INFORMATION The premises are currently let to the following tenants: Irvine Ramsay Limited occupies office 1 at an annual rental of £13,800 st from 1 April 2015. UK Path occupies office 2 at an annual rental of £5,940 from 1 st July 2016. IMPORTANT NOTICE st Bench MQ occupies office 3 at an annual rental of £5,940 from 1 Bradley Hall for themselves and for the Vendors or Lessors December 2015. of this property whose agents they are give notice that: Adenin Technoligies AD occupies offices 4 and 5 at a combined annu al 1) the particulars are set out as a general outline only for the st rental of £11,400 from 1 July 2016. guidance of intending purchasers or lessees and do not Ramsay Services Investments Ltd occupy office 6 at an annual rental of constitute part of an offer or contract. £4,200 from 1 st January 2016. 2) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and their All of the above licence agreements are for an initial period of 6 months with one months notice required. It is understood that tenants would details are given in good faith and are believed to be commit to more formal lease agreements. correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but The combined annual rental equates to £41,280. There is a service charge must satisfy themselves by inspection or otherwise as to budget ran by the landlord which currently equates to £4032 plus VAT. the correctness of each of them. Further details are available upon request. 3) no person in the employment of Bradley Hall has any TERMS authority to make or give any representation or warranty The subject property is available by way of long leasehol d with a guide whatever in relation to this property of these particulars price of offers over £400,000 (Four Hundred Thousand Pounds). The nor enter into any contract relating to the property on lease has a total of 134 years unexpired. A full copy of the lease is behalf of Bradley Hall, nor any contract on behalf of the available. Vendor. LEGAL COSTS 4) no responsibility can be accepted for any expenses Each party is to bear their own legal costs involved in the transaction. incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn. Registered in England No. 07236458 1 Hood Street, Newcastle upon Tyne, NE1 6JQ 1 Hood Street, Newcastle upon Tyne, NE1 6JQ Tel: 01 91 232 8080 Email: [email protected] .